![What is the Difference Between Actual Total Loss and Constructive Total Loss?](/blog/content/images/size/w500/2023/10/template-1_Bimakavach-46.png)
What is the Difference Between Actual Total Loss and Constructive Total Loss?
When it comes to maritime insurance, there are two types of total loss: actual total loss and constructive total loss. Both types of loss refer to situations where a ship is damaged beyond repair or is lost altogether. However, there are some key differences between the two.